Lean Hog Futures Little Lower

Loading...
Loading...
October lean hogs are trading at 53.62, down 0.35 cents /lb. December lean hogs are trading at 48.50, down 0.40 cents/lb. February lean hogs are trading at 52.85, down 0.50 cents/lb. Lean hog futures are trading lower just after the open. Market chatter about the U.S. Department of Agriculture's monthly cold storage report and cattle on feed report is making the rounds. Friday's USDA hog slaughter was 433,000 head, Saturday's was 277,000 head. The total for the week was 2.466 million head versus 2.353 million head the previous week and up 8 percent from a year ago. Pork production was up 7 percent. The hog slaughter last week was the third largest ever. Trading is expected to be choppy.
Posted In: FuturesCommoditiesMarketslean hog futures
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...